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Office Investment for Sale 10953 14th Ave 2,998 SF Office Building Armona, CA 93202 $607,000 ($202.47/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Private Parking lot 25 spaces

EXECUTIVE SUMMARY

Great investment with long term government tenant. The Kings County Commission on Aging, In Home support Services has occupied the property for over 10 years and has recently renewed for an additional 3 years and is putting over $100k into improvements on the property. This is priced at an 8% CAP rate and has very low maintenance. The property has room for expansion and 33 parking spaces! PRICE REDUCED Call to see, by appointment only.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
2,998 SF
Building Class
B
Year Built/Renovated
1953/1970
Price
$607,000
Price Per SF
$202.47
Cap Rate
8%
NOI
$48,560
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,998 SF
Building FAR
0.16
Lot Size
0.43 AC
Zoning
MUD - Mixed Use District

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
017-080-001-000
Land Assessment
$102,971
Improvements Assessment
$370,821
Total Assessment
$473,792
  • Listing ID: 33411192

  • Date on Market: 10/4/2024

  • Last Updated:

  • Address: 10953 14th Ave, Armona, CA 93202

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